Inside The Cube: Nairobi's Riverside Drive Office Landmark And Its New Owners
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The Cube, an 80,000 square foot Grade A office building on Riverside Drive in Nairobi, changed hands after Batian Income Properties acquired Riverside Towers Limited, with GenAfrica Asset Managers running the investment vehicle.
The Cube is one of Nairobi’s modern Grade A office developments, located on Riverside Drive, a commercial corridor with access to Westlands, Lavington and Kilimani. It was developed by the UK-based London Town Group of Companies as its first project in East Africa and completed in 2022.
The seven-storey building, designed by BAA Architects, offers about 80,000 square feet of flexible office accommodation with clear-span floor plates that can be fitted out as co-working space or corporate headquarters. It has four basement parking levels, with London Town Group’s original project description providing for parking for about 250 vehicles, plus high-speed passenger lifts, backup power, CCTV surveillance, controlled access and 24-hour security.
Facilities include fibre-optic connectivity and dedicated trunking for data, power and voice systems, together with an outdoor breakout terrace. The Cube incorporates energy-efficient systems and solar technology and has received EDGE Advanced green certification.
Ownership has since changed hands. The Competition Authority of Kenya approved Batian Income Properties LLP’s acquisition of 100% of Riverside Towers Limited in October 2025, and in December 2025 London Town and Innova Properties announced the sale of the building to the Batian Fund, managed by GenAfrica Asset Managers, stating that the property was 100% occupied. The companies identified Emirates, NTT Data, Artcaffé, IATA, Jaguar Petroleum and Honeycoin among the building’s tenants at the time of the transaction.
According to Knight Frank Kenya, The Cube’s original marketing brochure quoted office space at US$1.20 per square foot per month (KSh155.50), terrace space at US$0.60 (KSh77.80), a service charge of KSh20 per square foot per month and parking at US$100 per bay per month (KSh12,960), with rent and parking escalating 5% annually.
The building’s ownership transition came as Nairobi’s prime office market recorded improving occupancy. Knight Frank reported that prime office occupancy rose from 77.71% in June to 81.58% in December 2025, while prime office rents remained around US$1.20 per square foot per month.